NFTs News

Most Popular NFT Project Solana, DeGods Will Move To Ethereum In 2023

Key Points:

  • NFT Degods will move to Ethereum in 2023.
  • Degods was identified as one of the core collections of Solana NFT.
  • The project left after rumors broke out that Solana was allegedly “extorting” $5 million with an NFT project.
The questions raised earlier have received official answers from the most famous NFT collection on Solana, DeGods when suddenly announced that the NFT Degods will move to Ethereum next year.

As mentioned in the previous Coincu News article, in the context of Solana facing a severe crisis following the collapse of FTX, rumors have surfaced that the most “mighty” NFT project in the world has emerged. The ecosystem accused the Solana Foundation of “blackmailing” $5 million to continue to exist with this blockhain.

All focus at that time was on DeGods with a series of different theories from events closely related to the project’s past with FTX Ventures and Solana Ventures. However, the story is only speculation, not confirmed by DeGods.

Perhaps DeGods has implicitly answered this question through the announcement that the project will officially “move home” to the Ethereum ecosystem in the first quarter of 2023.

DeGods creator Frank III has also confirmed this information with a more detailed description with y00ts – another NFT collection that Dust Labs (developer of DeGods) will also migrate to Polygon, DeGods to Ethereum and DeGods ecosystem token – DUST will be integrated with both Polygon and Ethereum.

Besides, Frank III also confirmed to the DeGods community that the project’s decision to migrate is not equivalent to criticizing the Solana ecosystem as the rumors are happening on social networking sites.

However, this move to abandon Solana is not entirely surprising if not to deny that it was predicted in the rumor mentioned in the article by the losses Solana has suffered so far.

As of the time of writing, TVL Solana has broken out of the top 10 largest blockchain platforms in the market, owning $ 218 million, falling from over $ 1 billion recorded in November 2022.

Source: Defillama

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Foxy

CoinCu News

Victor

Recent Posts

Bitcoin Spot ETF Outflows Reach Second Highest in History

Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…

3 hours ago

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

6 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

8 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

9 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

12 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

15 hours ago

This website uses cookies.